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Developer of Latin America’s Future Tallest Tower Stops Work

Publication Date: 2/4/2009
Format: HTML

Construction of the future tallest building in Latin America, the 300-meter-tall Torre Costanera in Santiago, Chile, is on hold “temporarily,” says the developer. The frame now is up 23 stories, reports the structural engineer. Locally based Cencosud SA announced on Jan. 28 it was halting work on the 70-story concrete frame. Work had stopped earlier on the surrounding mixed-use Costanera Center. The developer cites the weak economy as the reason, saying the current work pace is not justifi ed if the development is not “profitable.”

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